eu
March 27th, 2012
In 2016 the economic activity generated through the Internet is expected to amount to 5.3% of the combined gross domestic product (GDP) of all the member countries of the G-20, according to a study released last week by The Boston Consulting Group. In absolute terms, the network will contribute $4.2 ...
Continue reading Internet Would be Fifth Largest Economy if it Were a Country
March 22nd, 2012
The Commissioner for Agriculture, Dacian Ciolos, said on Tuesday that he is prepared to bring forward to October, direct aid payments to Spain from the Common Agricultural Policy (CAP) in order to alleviate the effects of the drought "if the situation warrants it" and providing all the required conditions are ...
Continue reading Brussels Ready to Advance Drought Payments to Spain
March 5th, 2012
Unemployment continued to climb in January in the eurozone and across the EU, reaching the highest levels recorded since October 1997 and 2000, respectively, according to figures released on Friday by Eurostat. The unemployment rate rose 0.1 percentage point in both the eurozone and the EU over December and reached ...
Continue reading Unemployment Continues to Climb in the EU and the Eurozone
March 2nd, 2012
McDonald's registered a turnover of 928 million euros in Spain in 2011, representing an increase of 9.1% over the previous year, which is three points higher than in the previous two years, and two points higher than the multinational registered in Europe as a whole (+7.3%). The hamburger chain, which closed ...
Continue reading McDonald’s to Create 3,300 Jobs in Spain by 2014
February 27th, 2012
Orange España registered a turnover of 3,993 million euros in 2011, which represents a 4.5% increase over the previous year, and an improvement of 9.8% in its gross operating profit (EBITDA) reaching 839 million euros. As for commercial activity, the company closed the year with 13.7 million customers. In the mobile ...
Continue reading Orange España Reveals Results for 2011
February 24th, 2012
Petrol and diesel prices have maintained their climb this week marking two separate record highs, according to the EU Oil Bulletin. Specifically, a litre of petrol rose above 1.4 euros for the first time and marked a second consecutive week at a record 1.415 euros, after prices increased by ...
Continue reading Fuel Prices Mark Historic Highs
February 15th, 2012
German Chancellor, Angela Merkel, yesterday applauded the labour reform approved on Friday by the Spanish Government and said it was an example of the measures Europe is implementing to overcome the crisis. On behalf of Merkel, German government spokesman, Steffen Seibert, said in a routine press meeting that the move "shows ...
Continue reading Merkel Welcomes Spanish Labour Reform
February 2nd, 2012
Europe is freezing, with the wave of cold weather hitting several countries, mainly in the East, leaving many dead, according to recent reports. Temperatures plummeted to -33ºC in the Ukraine, -31ºC in eastern Bosnia and to similar figures in Poland, Romania and Bulgaria, and this drop in temperature is likely ...
Continue reading Cold Snap Heading for Malaga
January 31st, 2012
The rating agency Moody's anticipates a significant deterioration of credit due to the second wave of mergers in the Spanish financial system, a process that "will not be financed with public funds," although the Bank Restructuring Fund (FROB) remains in force. "The Government has clearly expressed its intention to limit public ...
Continue reading Moody’s Believe New Spanish Bank Mergers Will Affect Their Credit
January 26th, 2012
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has called to "increase" but not "double" the European bailout fund, so that countries like Spain and Italy are not drawn into a liquidity crisis. At a conference in Berlin before the German Society for Foreign Policy, Lagarde said that ...
Continue reading IMF Calls for Increased Funding
